FERRARI NV (RACE) Technical Analysis
NYSE:RACE • NL0011585146
Current stock price
RACE Technical Rating and Analysis
Taking everything into account, RACE scores 0 out of 10 in our technical rating. RACE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RACE is a bad performer in the overall market: 83% of all stocks are doing better.
- RACE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so RACE is lagging the market.
- In the last month RACE has a been trading in the 329.33 - 381.75 range, which is quite wide. It is currently trading near the lows of this range.
- RACE is an average performer in the Automobiles industry, it outperforms 55% of 35 stocks in the same industry.
RACE Weekly and Daily overview Charts
RACE Setup Rating and Analysis
The technical rating of RACE is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
RACE Support and Resistance Analysis
327.01
We found 1 important support area.
- A support zone ranging from 330.31 to 331.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 355.21 to 365.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 378.72 to 380.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @393.84 from a horizontal line in the daily time frame.
- Resistance @486.39 from a horizontal line in the daily time frame.
- Resistance @503.84 from a horizontal line in the weekly time frame.
RACE Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for RACE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RACE is down. |
| ChartMill Relative Strength | 17.41 | NEGATIVE | RACE has a low relative strength, it was outperformed by 82.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RACE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RACE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RACE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.51 | NEUTRAL | The RSI value for RACE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.99 | NEGATIVE | The MACD value suggests RACE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.13 | OVERSOLD | The low Stochastics value suggests RACE may be oversold. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for RACE suggests some volalility. |
| Average Directional Index/ADX (14) | 23.41 | NEUTRAL | The ADX value for RACE suggests a possible start of a new trend. |
RACE Chart- and CandleStick Pattern Analysis
RACE Technicals: Chart, Performance Metrics, Trend & Indicators
334.36
+2.5 (+0.75%)
FERRARI NV / RACE TA FAQ
Can you provide the ChartMill technical rating for FERRARI NV?
ChartMill assigns a technical rating of 0 / 10 to RACE.
What is the trend direction for RACE stock?
The current trend direction for FERRARI NV (RACE) is Bearish.
Can you provide the RSI signal for FERRARI NV?
FERRARI NV (RACE) has an RSI value of 36.5081. This indicates that the stock is currently neutral.
What is the MACD signal for RACE stock?
The MACD indicator for FERRARI NV (RACE) has a value of -3.98788, indicating a bearish trend.
Can you provide the short term momentum for FERRARI NV?
The short term momentum for FERRARI NV (RACE) is negative.